Hold - There is not any Technical Analysis to support this Market, but only Fundamental analysis:
Seanergy Maritime Holdings (NASDAQ:SHIP) files to sell $187M of common stock for holders.
The company will not receive any proceeds from the sale of common shares, but will receive proceeds from cash exercise of the warrants resulting in gross proceeds of...
SHIP looks ready to blast anytime this month, on average each jump was around 50%.. except for that one outlier.
It looks like we are in the accumulating range.. and anywhere from .12 to .15 is a great purchase! I see us pumping to .20 at the very minimum.. goal is .30+
Pure Speculation:
Hedge Fund opened a $1.6M position on 04-09. This is close to the all time low and that's a huge stake in a relatively small company.
With past history of Hedge Fund purchasing before huge price action, I am willing to bet a few dollars. Also it seems like a legit company.
You can even track where their ships are in real time!
www.seanergymaritime.com
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
Shipping sector is about to go bonkers with the BDI moving north in addition to possible Exxon news. $DRYS being the obvious leader has been a good predictor of movement. Right now $DRYS is breaking out of its downward trend and $SHIP with the incredible news of getting rid of their debt vehicle yesterday is poised to be the one right behind $DRYS to make...
Missed the chance to sell for $8 by about ten minutes today.
The pre market pump came as I expected but did not last as long as I would have hoped.
Out of ship for +33%.
Entered $SHIP yesterday at $5.69, woke up to exactly what I thought was going to happen. A pre market rally.
I'm contemplating selling here around ~$8 or potentially holding on to see if we can hit ten today/tomorrow.
I should probably stop being greedy and sell. We'll see.
